Partnership to set up centralised fraud database in SA

The South African Fraud Prevention Service teams up with OneVault to use passive voice biometrics to combat fraud in the country.

Jan 14, 2020

SA banks not impacted by Russian hacking group

There has been no impact on South African banks despite reports that a hacking group is targeting African banks, says Sabric.


Telcos unite in crackdown against SIM identity fraud

An increase in mobile number portability and SIM card swap fraud leaves local victims vulnerable to identity theft.

Oct 25, 2019

Bad day for SA’s cyber security as banks suffer DDoS attacks

Just as the City of Johannesburg is hacked, SABRIC confirms that a wave of ransom-driven attacks yesterday hit local banks.


SA needs effective laws to curb cyber crime, say experts

The country needs to revamp its cyber crime laws, say legal experts, who believe the Reserve Bank has set an exemplary regulatory effort that should be followed.

Jun 27, 2019

Fraudsters also prefer digital banking

Fraud incidents across digital banking platforms in SA amounted to almost R263 million in losses in 2018, with USSD and SIM swap crimes taking the biggest slice.


SA sees rise in online banking, SIM swap fraud: SABRIC

In 2017 digital banking cyber crime cost the local banks more than R250 million in gross losses, says SABRIC.

Sep 28, 2018

Would you give up coffee for data security?

Around 70% of survey respondents believe there is not much they can do to protect their personal information, reveals a Mastercard study.

Aug 14, 2018

Sabric allays fears about tap-and-go risks

A video trending on social media created the incorrect impression that tap-and-go cards are easy to exploit by criminals, says Sabric.

Oct 5, 2017

Mastercard offers early fraud detection system

The service will provide alerts to issuers six to 18 months ahead of other conventional alerts, says Mastercard.

Jul 27, 2017

Without biometrics, a digital identity can be easily hacked

Card and PIN authentication is in dire need of a security revolution, says Greg Sarrail of HID Global.

Feb 2, 2017

Local cyber crime victims struggle to recover lost funds

South African Internet users globally who've lost money at the hands of cyber criminals struggle to recover all their lost money, says a Kaspersky report.

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